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> Palo Alto’s consideration of housing welfare for people earning $150k - $250k/yr. This sounds like an exaggeration, this 2020 article puts "low income" housi
by ac29 6y ago
> Palo Alto’s consideration of housing welfare for people earning $150k - $250k/yr.
This sounds like an exaggeration, this 2020 article puts "low income" housing at a household income of less than ~$70k: https://www.paloaltoonline.com/news/2020/01/17/palo-alto-boosts-affordable-housing-project-with-105-million-loan https://www.paloaltoonline.com/news/2020/01/17/palo-alto-boo...
My experience in looking into this in the past is that there are maybe tens of units of this sort in development at any given time, orders of magnitude less than the number of people who would qualify. With wait lists easily exceeding 10 years, for all practical purposes these units dont exist.
- ethanbond 6y agoI only remember this from when I was living in Palo Alto: https://sanfrancisco.cbslocal.com/2016/03/22/250k-per-year-salary-could-qualify-for-subsidized-housing-under-new-palo-alto-plan/ https://sanfrancisco.cbslocal.com/2016/03/22/250k-per-year-s... Wasn’t able to quickly find what the actual current number is (or if it just varies by development). But yes, obviously qualifying on even $70k would sound insane in most of the country. The point is that higher productivity = higher rent = real lifestyle gains that are nowhere near proportional to real productivity gains.
- goliatone 6y agoIn San Francisco, San Mateo, and in Marin households making $117,000 would actually qualify to live in low-income housing projects https://sanfrancisco.cbslocal.com/2018/06/26/hud-117000-low-income-san-mateo-san-francisco-marin/ https://sanfrancisco.cbslocal.com/2018/06/26/hud-117000-low-...